Advisory Services Network LLC raised its position in Cullen/Frost Bankers, Inc. (NYSE:CFR) by 12,989.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,105 shares of the bank’s stock after purchasing an additional 5,066 shares during the quarter. Advisory Services Network LLC’s holdings in Cullen/Frost Bankers were worth $483,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sei Investments Co. boosted its holdings in Cullen/Frost Bankers by 0.6% in the 4th quarter. Sei Investments Co. now owns 89,313 shares of the bank’s stock valued at $8,454,000 after purchasing an additional 522 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Cullen/Frost Bankers by 50.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,580 shares of the bank’s stock valued at $150,000 after purchasing an additional 531 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Cullen/Frost Bankers by 3.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 20,077 shares of the bank’s stock valued at $1,906,000 after purchasing an additional 619 shares during the last quarter. Cardinal Capital Management boosted its holdings in Cullen/Frost Bankers by 10.8% in the 3rd quarter. Cardinal Capital Management now owns 7,305 shares of the bank’s stock valued at $693,000 after purchasing an additional 713 shares during the last quarter. Finally, Callahan Advisors LLC boosted its holdings in Cullen/Frost Bankers by 2.6% in the 4th quarter. Callahan Advisors LLC now owns 30,749 shares of the bank’s stock valued at $2,910,000 after purchasing an additional 772 shares during the last quarter. Institutional investors own 79.06% of the company’s stock.

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In related news, Director R Denny Alexander sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $107.50, for a total transaction of $322,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP William L. Perotti sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $105.57, for a total transaction of $1,372,410.00. Following the sale, the executive vice president now directly owns 92,382 shares in the company, valued at $9,752,767.74. The disclosure for this sale can be found here. Insiders sold a total of 63,500 shares of company stock worth $6,586,930 over the last three months. Insiders own 5.15% of the company’s stock.

Several equities analysts have weighed in on CFR shares. Deutsche Bank boosted their target price on shares of Cullen/Frost Bankers from $96.00 to $102.00 and gave the company a “hold” rating in a report on Wednesday, November 8th. Barclays boosted their target price on shares of Cullen/Frost Bankers from $97.00 to $106.00 and gave the company an “equal weight” rating in a report on Monday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Cullen/Frost Bankers from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Maxim Group reiterated a “buy” rating and issued a $120.00 target price (up from $110.00) on shares of Cullen/Frost Bankers in a report on Friday, January 26th. Finally, Stephens set a $110.00 target price on shares of Cullen/Frost Bankers and gave the company a “hold” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. Cullen/Frost Bankers currently has a consensus rating of “Hold” and a consensus target price of $104.19.

Shares of Cullen/Frost Bankers, Inc. (CFR) opened at $105.96 on Wednesday. The stock has a market cap of $6,750.00, a P/E ratio of 19.34, a PEG ratio of 1.82 and a beta of 1.37. Cullen/Frost Bankers, Inc. has a 52 week low of $81.09 and a 52 week high of $109.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.07.

Cullen/Frost Bankers (NYSE:CFR) last released its quarterly earnings results on Thursday, January 25th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.08. The business had revenue of $358.69 million for the quarter, compared to the consensus estimate of $351.34 million. Cullen/Frost Bankers had a net margin of 29.62% and a return on equity of 11.78%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. sell-side analysts anticipate that Cullen/Frost Bankers, Inc. will post 6.3 earnings per share for the current fiscal year.

Cullen/Frost Bankers announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 26th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the bank to purchase up to 2.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, February 27th. Cullen/Frost Bankers’s dividend payout ratio (DPR) is 41.61%.

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About Cullen/Frost Bankers

Cullen/Frost Bankers, Inc is a financial holding company and a bank holding company. The Company, through its subsidiaries, provides a range of products and services throughout Texas markets. The Company’s segments include Banking, Frost Wealth Advisors and Non-Banks. The Banking segment includes both commercial and consumer banking services, and Frost Insurance Agency.

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